7900 & 7950 Arroyo Circle | Gilroy
This 13.7-acre site is a prime location adjacent to Hwy 101, with exposure to 212,600 vehicles a day. It is strategically surrounded by the Gilroy Premium Outlets, various office spaces, and is next to a 56-acre parcel proposed to become an Amazon data center campus. This prime location offers significant potential for high traffic and visibility for future tenants.
7900 Arroyo Circle is a 125,597 sq ft former Walmart currently under redevelopment. Floor & Decor, a leading specialty retailer in hard surface flooring, has secured a 10-year lease for 58,000 sq ft, with four additional options to extend their lease. The remaining 67,597 sq ft is available and can be configured to accommodate one or two additional operators, such as grocery stores, hobby stores, or sporting goods retailers, making it versatile for various types of retail businesses. Additionally, there is space to add another anchor tenant to the site and a ground lease pad, which offers further opportunities for development and revenue generation.
7950 Arroyo Circle is a 2.27-acre parcel that currently includes a 7,500 sq ft Mexican restaurant, Los Cuates, which was built in 2000. This established restaurant contributes to the site’s attractiveness as a dining destination. Moreover, the site includes a ground lease pad available for a potential drive-through quick-service tenant, providing an excellent opportunity for a fast-food or coffee chain to capitalize on the high traffic volume and visibility of the location.
Key Features:
- Prime Location: Adjacent to Hwy 101, offering exposure to 212,600 vehicles daily.
- Strong Surrounding Infrastructure: Located near the Gilroy Premium Outlets and various office spaces.
- Future Development: Next to a proposed 56-acre Amazon data center campus, indicating significant future growth and increased traffic in the area.
- Retail Opportunities: 7900 Arroyo Circle’s redevelopment allows for multiple retail configurations, attracting diverse tenants.
- Additional Development Potential: Space for another anchor tenant and ground lease pad increases the site’s flexibility and attractiveness.
- Established Dining Option: 7950 Arroyo Circle’s existing restaurant, Los Cuates, enhances the site’s appeal as a dining destination.
- Ground Lease Pad: Available for a drive-through quick-service tenant, ideal for fast food or coffee chains.
- The strategic redevelopment of this site is set to transform it into a bustling retail and dining hub, leveraging its prime location and strong tenant mix to attract both local residents and visitors.